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INFLUENCE OF TRANSACTION COSTS ON THE ACTIVITY OF THE COMPANY (ENTERPRISE)

Theoretical aspects of the definition “transaction costs” are considered, specification of transaction costs in modern productive activity is analyzed, sources and peculiarities of it’s influence on the activity of the company (enterprise) are revealed in this article.Category "transaction costs" in modern time is one of the most complex and controversial aspect in economic theory. The research has determined that the transaction costs, introduced as a new concept in the first half of XX century, have the key importance in the development of business activities in any company (enterprise).
In the work was identified socioeconomic basis for the formation of transaction costs in a market economy, also was settled the necessity to manage them and find ways to reduce them. The work has noticed that many types of transaction costs can’t be observed directly, that is why they are difficult to be measured statistically.However, the cost reduction is one of the urgent tasks for the implementation of positive changes into the national economies, it is essential for their development.